Market News

– In an analysis carried out by Bamdad economical studies, it is shown that despite the popular belief, money supply growth trend in Iran Economy has always been on the same track regardless of each administration’s political party. The below chart demonstrates that an inflated money supply trend with the aim of higher economic growth was on the policy makers big picture after the Islamic revolution.

Market News

– The newest IMF predictions on Iran Economy suggest an economic growth of -1.5% and -3.6% for the current year and next respectively. This is while the figures for inflation have predicted to be around 29.6% and 34.1% for the same period. IMF tells that the US sanctions will grow the global crude prices higher in short-term, however, the OPEC overproduction along with the US shale oil in the market will reduce long-term anxieties.

Market News

– “Prospectus of Iranian Private Equity funds has been ratified by the SEO along with an operational directive on its mechanics”, said deputy supervision of Iran securities and exchange organisation. According to Saeed Fallah Pour, these funds have the main objectives of entering the shareholding structure of private firms, amending its financial structure and giving up the company with a valid exit plan.

Market News

– After the confusion made by the US Department of Treasury on the latest status of Iranian Banks with regards to the SDN list and the secondary sanctions (being still connected to SWIFT), an analysis has been performed by Donya-e-Bank news agency showing the map of Iranian Banks in a picture. According to the below table, almost all banks in Iran is under the SDN list, however, the ones with no “Secondary Sanctions” tick on their status are clear to deal with:

Market News

– Today and after the full snapback of US sanctions on Iran along with adding almost everything to OFAC’s SDN list, 10% of the newly sanctioned Qaed Bassir Petrochemical Co. (listed under BSRZ ticker) offered publically on Iran Fara Bourse via book building method with a price ranging from IRR 8,000-8,500 per share. The company produces ABS with a capacity of 30K tonnes per annum. BSRZ earnings jump for 128% on the H1 contrary to the previous year.

Iranian Stock Exchanges on the top of WFE ranking!

Market News

– Iranian Stock Exchanges (Iran Fara Bourse and Tehran Stock Exchange) stood tall in the ranking of the World Federation of Exchanges (WFE) in terms of performance for a period of 365 days ending September 2018. IFB & TSE has returned their investors’ handsome figures of 132% and 127% respectively during the said period and stood 1st and 2nd in the ranking between 72 international exchanges.

Market News

– After the rather successful offering of oil on Iran Energy Exchange, the second batch of Iran oil will be traded on the exchange on November 11, 2018. This time the remainings of previous 1 mn barrels, 700K, are going to be offered to the private exports with a base price of $76.29 bp for FOB delivery in Karq port. The minimum order shall be no less 35K barrels.

AGAH Mutual Fund Fact Sheet

October 2018

In the Market

– Backing down from the zeroing Iran oil sales, the United States grants case exemptions to 8 nations with regards to their oil purchases from Iran just days away from sanctions snapback deadline. Apparently, India, Japan, South Korea, Iraq, China and Turkey are among this shortlist exempted from Iran Sanctions.